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Abu Dhabi invests $2B on solar tech

Posted: 02 Jun 2008 ?? ?Print Version ?Bookmark and Share

Keywords:solar technology? thin-film photovoltaic? Abu Dhabi solar market?

The Masdar Initiative, Abu Dhabi's clean technology venture, has earmarked $2 billion for thin-film photovoltaic solar technology.

Phase one of the project involves an investment of $600 million, which will fund the development of two manufacturing facilities.

The first plant, to be based in Erfurt, Germany, will be operational by Q3 09. A second facility in Abu Dhabi will begin initial production by Q2 10. The combined annual production capacity of these two sites will be 210MW.

Applied Materials Inc. has struck a deal with Masdar to bring the first major PV manufacturing capabilities to the Middle East with three of its turnkey lines, dubbed SunFab.

Abu Dhabi is the capital and second most populous city in the United Arab Emirates, after Dubai.

- Mark LaPedus
EE Times





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